Construction Focus
Construction an Engine of Global Economic Growth in Next Decade, says Global Forecast
New research has forecasted that the construction sector will be the main engine of global economic growth outpacing manufacturing in the decade to 2030, with output expected to be 35% higher than in the ten years to 2020, reported GCR. A forecast conducted by Oxford Economics and Marsh McLennan companies Marsh and Guy Carpenter revealed […]
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Cambodia Establishes Digitalised Manufacturing Centre
The Japanese government, through the Embassy of Japan in Cambodia, has provided approximately US$4.5 million to support the operation of a digitalised manufacturing centre, located at the Royal University of Phnom Penh. The grant was announced at a press conference on 14 October under the chairmanship of RUPP Chair of board HE Dr Mey Kalyan, […]
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CDC Approves 134 Investment Projects Worth US$3.3bn in First Three Quarters of 2021
During the first three quarters of 2021, the Council for the Development of Cambodia (CDC) has approved a total of 134 investment projects worth over US$3.3 billion, according to a CDC report published in Freshnews. The report added that the number of projects decreased by 24.7% while the investment also dropped by 48%, compared to the […]
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ADB to Provide US$100 billion in Climate Financing to Developing Countries
The Asian Development Bank (ADB) announced on 13 October 2021, that it is ready to provide US$100 billion in climate financing to developing member countries including Cambodia for 2019-2030.The increased financial ambitions are an important part of ADB’s efforts to support its developing member countries (DMCs), according to a press release.Climate change mitigation projects, including […]
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EU Provides US$17 million for Cambodia’s Rural Infrastructure Development
The European Union through the Europe Investment Bank (EIB) will provide a €15 million grant aid (approximately US$17 million) to Cambodia for rural infrastructure development. The grant is part of the project to accelerate the implementation of the Sustainable Assets for Agriculture Markets, Business and Trade (SAAMBAT), according to a press release issued on 4 […]
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Draft Master Plan to Digitalise Cambodia’s Transport Sector on Track
Work on drafting a master plan to digitalise Cambodia’s public works and transport sector is on track, as a special working group of the Ministry of Public Works and Transport (MPWT) is accelerating the progress. MPWT Secretary of State HE Chhuon said during the follow-up meeting with relevant officers on 12 October that to date […]
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Construction of ADB-funded landfill in Kep 90% complete
Construction of an 8-hectare landfill in Prey Thom commune of Kep city has been over 90% completed as of September 2021, while the completion date will be delayed from October this year to early next year. According to a report from the Kep Provincial Administration, the landfill project is being built under an ADB loan […]
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Construction materials import value up by 20% in first 8 months of 2021
During the first eight months of 2021, the import value of all goods to Cambodia (except gold) was recorded at US$14.6 billion, an increase of 26.7% compared to the same period last year, while the construction materials import value also jumped by 23.7% y-o-y. According to a report from the Ministry of Economy and Finance, […]
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Bentley Systems and SMRT Trains Collaborate to Improve Safety and Reliability of Metro Rail Services in Singapore
The world’s leading infrastructure engineering software company Bentley Systems and renowned Singaporean Mass Rapid Transit (MRT) operator SMRT cooperation’s business arm Strides Engineering have signed MoU to jointly market a rail predictive maintenance solution in the Asia Pacific region. The MOU establishes a partnership between the two companies that combine strong technology expertise and rail […]
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CDC Approves Three Investment Projects Worth Over US$12m for PP & K. Speu
The Council for the Development of Cambodia (CDC) has recently given permits to private firms to invest over US$12.6 million in establishing three factories in Kampong Speu and Phnom Penh. The first company is Lastingwinner Garment (Cambodia) Co., Ltd, which will invest US$4.2 million to set up a garment factory on NR3, Lvea village, Ang […]
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